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D Chapter 14 Pre-Built Assignme x C Search Textbook Solutions Ic x ezto.mheducation.com/hm.tpx Victoria's Secret CareCredit a Ally @ My Math Lab Email ag webAdvis Hillside issues $1,100,000 of 9%, 15-year bonds dated January 1, 2015, that pay interest semiannualy on June 30 and December 31. The bonds are issued at a price of $950,524 1. Prepare the January 1,2015, jounal entry to record the bonds' issuance. Re pripdre the January 1,2015,joumal entry to record the bonds issuanca. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $1,100,000 cash on January 1, 2015 at an issue price of $950,524. Note: Enter debits before credits General Journal DebitCredit te Jan 01, 2015 Record entry Clear antry vlaw general jounel 2(a)For each semiannual pon od. complete the lable ba ow to ca culate the cash paymert Year

Explanation / Answer

Answer 1

Journal Entry

Answer 2

Date General Journal Debit ($) Credit ($) Jan 1 , 2015 Cash 950,524 Discount on bonds payable [$1,100,000 - $950,524] 149,476 Bonds payable 1,100,000

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